Part 3/11:
Notably, the trade war had appeared to be winding down earlier in the year. Both nations seemed poised for a resolution, with President Xi Jinping and President Donald Trump scheduled to meet soon, and tariffs on Chinese goods hovered around 30%. This rate—while still significant—was approaching levels paid by other major trading partners like Japan, South Korea, and the European Union, which have tariffs ranging between 15% and 35%. These figures signaled a tentative truce, yet the recent escalation suggests that the calm was only superficial.